Gross sales up 52% YoY, Energetic Stock down 45% YoY

by Calculated Threat on 5/13/2021 01:03:00 PM Notice: I am monitoring information for a lot of native markets across the U.S. I believe it’s particularly essential to look at stock this yr.  Bear in mind gross sales have been weak in April 2020 because of the pandemic, so the YoY gross sales comparability is simple. 


by Calculated Threat on 5/13/2021 01:03:00 PM

Notice: I am monitoring information for a lot of native markets across the U.S. I believe it’s particularly essential to look at stock this yr.  Bear in mind gross sales have been weak in April 2020 because of the pandemic, so the YoY gross sales comparability is simple. 

From SacRealtor.org: County median gross sales value nears $490,000, gross sales quantity up 19%

April ended with 1,540 gross sales, up 19.2% from the 1,292 gross sales in March. In comparison with one yr in the past (1,013), the present determine is up 52%.

The Energetic Itemizing Stock elevated 9.6% from March to April, from 918 items to 1,006 items. In contrast with April 2020 (1,823), stock is down 44.8%. The Months of Stock remained at .7 Months.

The Median DOM (days on market) remained
at 6 and the Common DOM decreased from 13
to 11. “Days on market” represents the times
between the preliminary itemizing of the house as
“lively” and the day it goes “pending.” Of the
1,540 gross sales this month, 93.4% (1,439) have been on
the marketplace for 30 days or much less and 97.2%
(1,498) have been in the marketplace for 60 days or much less.
emphasis added

Click on on graph for bigger picture.

This graph from the Sacramento Affiliation of REALTORS® reveals single household gross sales and stock since March 2018. Often stock (pink) was larger than gross sales (blue), however now there are extra gross sales every month than stock. Stock declined sharply through the pandemic.

Notice that stock in April was up 9.6% from final month.



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